Ask MiL.k Team
Hi. This is MiL.k Team.
We will be answering the most frequently asked questions by the community since our listing on Upbit.
1. Doesn’t the price of MLK continue to fall as the distribution amount increases?
Many partner businesses are planned to be joined after MiL.k’s service launching. We expect the value of the coin would be steadily increase as more partners participate in MiL.k.
Since it is still very early stage right after listing, instead of making decisions based on current short term buy/sell state, it will bring more positive results if you have a long term investment. Also, good news is to be made in the near future.
2. When will the service launch?
We are preparing for the service to launch by the 2nd quarter of 2020. Service development with the partners is going smoothly. And we are also discussing marketing strategies in specific and marketing synergies to be found between partners.
3. How is your new partnership going?
Big partnerships are underway. Announcements will be made with the partners’ agreements before the service launching.
4. Isn’t an allocation to pre-sale participants too much?
Quantity sold to pre-sale participants is 10% of the total supply. The amount is to be distributed slowly over 490 days since the listing date. The volume of pre-sales and distribution schedule are undoubtedly moderate compared to other projects. Anyone who is familiar with the industry would know it surely.
[Distribution schedule (Relative to total supply): 0.5% on the listing date, 0.028% daily for 175 days since the next day of listing, 0.014% daily for 315 days since the 176th day]
5. Isn’t allocation to partners too much?
Allocation to partners is to be used as resources for acquiring competent partners as well as to give them a collective sense of responsibility toward MiL.k project. It should be reminded that acquiring formidable partners will grow the platform, thus bringing an appreciation of Milk Coin’s value.
Also, the amount allocated to partners is planned to be 1) distributed evenly over 3 years starting from the joining date for some partners 2) distributed progressively according to the performance of the partner’s point on MiL.k platform (estimated to be distributing over 5~10 years).
6. What is the current market capitalization?
In fact, it is true that MLK’s market cap is much lower than many people expected. Despite cooperation with Yanolja, a unicorn having an annual transaction of 2 trillion KRW and as being the standard currency within MiL.k project which has the potential to onboard millions of users by other formidable businesses participating, MLK’s current market cap is just as small as a startup at its early stage.
We think that the market cap can be appraised much higher over time as awareness to Milk Coin grows and more people better understands the value of MiL.k project.
More detailed information about market capitalization is available at the Info tab on Upbit’s MiL.k trading screen.
Thank you.
MiL.k Team.
